Eric VERKEYN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Eric VERKEYN
Largest movements
- Current investments +€40,123
up €40,123 (+99.5%), from €40,325 to €80,448
- Cash -€14,788
down €14,788 (-52.8%), from €28,024 to €13,236
mainly Current investments (-€40,123) and Other debts (-€4,162)
- Receivables within one year -€5,853
down €5,853 (-55.6%), from €10,522 to €4,669
of which Trade receivables: -€5,777
- Deferred charges and accrued income -€2,320
down €2,320 (-63.1%), from €3,676 to €1,356
- Tangible fixed assets -€1,924
down €1,924 (-68.0%), from €2,832 to €907
of which Furniture and vehicles: -€1,501
- Reserves +€21,000
up €21,000 (+158.4%), from €13,259 to €34,259
of which Distributable reserves: +€21,000
- Other debts -€4,162
down €4,162 (-14.7%), from €28,255 to €24,093
- Tax, wage and social debts -€2,894
down €2,894 (-25.9%), from €11,184 to €8,290
of which Taxes: -€1,454
- Gross operating margin +€14,141
up €14,141 (+29.3%), from €48,183 to €62,324
- Staff costs +€2,531
up €2,531 (+8.2%), from €30,848 to €33,380
- Financial charges +€2,149
up €2,149 (+325.7%), from €660 to €2,809
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,465 | €100,703 | +€15,238 | +17.8% |
| Fixed assets | 21/28 | €2,918 | €994 | -€1,924 | -65.9% |
| Tangible fixed assets | 22/27 | €2,832 | €907 | -€1,924 | -68.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,247 | €746 | -€1,501 | -66.8% |
| Other tangible fixed assets | 26 | €584 | €161 | -€423 | -72.4% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €82,547 | €99,709 | +€17,162 | +20.8% |
| Amounts receivable within one year | 40/41 | €10,522 | €4,669 | -€5,853 | -55.6% |
| Trade receivables | 40 | €10,446 | €4,669 | -€5,777 | -55.3% |
| Other amounts receivable | 41 | €76 | €0 | -€76 | -100.0% |
| Current investments | 50/53 | €40,325 | €80,448 | +€40,123 | +99.5% |
| Cash at bank and in hand | 54/58 | €28,024 | €13,236 | -€14,788 | -52.8% |
| Deferred charges and accrued income | 490/1 | €3,676 | €1,356 | -€2,320 | -63.1% |
| Total equity and liabilities | 10/49 | €85,465 | €100,703 | +€15,238 | +17.8% |
| Equity | 10/15 | €45,635 | €67,041 | +€21,407 | +46.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,259 | €34,259 | +€21,000 | +158.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,400 | €32,400 | +€21,000 | +184.2% |
| Profit (loss) carried forward | 14 | €26,175 | €26,582 | +€407 | +1.6% |
| Amounts payable | 17/49 | €39,830 | €33,662 | -€6,169 | -15.5% |
| Amounts payable within one year | 42/48 | €39,830 | €33,656 | -€6,174 | -15.5% |
| Trade debts | 44 | €391 | €1,274 | +€882 | +225.6% |
| Suppliers | 440/4 | €391 | €1,274 | +€882 | +225.6% |
| Taxes, remuneration and social security | 45 | €11,184 | €8,290 | -€2,894 | -25.9% |
| Taxes | 450/3 | €4,099 | €2,645 | -€1,454 | -35.5% |
| Remuneration and social security | 454/9 | €7,086 | €5,645 | -€1,440 | -20.3% |
| Other amounts payable | 47/48 | €28,255 | €24,093 | -€4,162 | -14.7% |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Non-recurring operating income | 76A | €2,477 | €741 | -€1,736 | -70.1% |
| Remuneration, social security and pensions | 62 | €30,848 | €33,380 | +€2,531 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €1,924 | -€373 | -16.2% |
| Other operating charges | 640/8 | €904 | €774 | -€130 | -14.4% |
| Gross operating margin | 9900 | €48,183 | €62,324 | +€14,141 | +29.3% |
| Operating profit (loss) | 9901 | €14,133 | €26,246 | +€12,113 | +85.7% |
| Financial income | 75/76B | €199 | €193 | -€6 | -3.1% |
| Recurring financial income | 75 | €199 | €193 | -€6 | -3.1% |
| Financial charges | 65/66B | €660 | €2,809 | +€2,149 | +325.7% |
| Recurring financial charges | 65 | €660 | €2,809 | +€2,149 | +325.7% |
| Profit (loss) for the period before taxes | 9903 | €13,672 | €23,630 | +€9,958 | +72.8% |
| Income taxes | 67/77 | €2,205 | €2,223 | +€18 | +0.8% |
| Profit (loss) for the period | 9904 | €11,466 | €21,407 | +€9,940 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,466 | €21,407 | +€9,940 | +86.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.